Samir’s Selection 03/31/2014 (p.m.)
Save capitalism from the capitalists by taxing wealth
Rising levels of inequality need to be addressed on a global scale, writes Thomas Piketty
Was Marx Right? | Room for Debate | NY Times
In the golden, post-war years of Western economic growth, the comfortable living standard of the working class and the economy’s overall stability made the best case for the value of capitalism and the fraudulence of Marx’s critical view of it. But in more recent years many of the forces that Marx said would lead to capitalism’s demise – the concentration and globalization of wealth, the permanence of unemployment, the lowering of wages – have become real, and troubling, once again.The fall of communism discredited Marx’s political vision. But, as observers have wondered before, is his view of our economic future being validated?- Doug Henwood is editor of Left Business Observer- Yves Smith writes the blog Naked Capitalism
The Certainty of Donald Rumsfeld (Part 4)
MARTIN REES: Most people who write about risk and hazard would distinguish between risk and uncertainty… Risk is something where you can assign a probability. But as to what’s going to happen in 10 or 20 years, then you can’t really assign realistic probabilities. I suppose that’d be what you’d call an “unknown unknown.” Ultimately, I don’t think there’s anything special in the scientific method that goes beyond what a detective does.To me, progress hinges on our ability to discriminate knowledge from belief, fact from fantasy, on the basis of evidence. It’s not the known unknown from the known known, or the unknown unknown from the known unknown, that is crucial to progress. It’s what evidence do you have for X, Y or Z? What is the justification for your beliefs?
Posted from Diigo. The rest of my favorite links are here.